Capital structure and dividends
36 Capital structure and dividends
The Treasurer may determine or alter the capital structure of an
Agency or a Government Business Division, including by converting debt to equity, converting equity to debt, increasing equity, withdrawing equity, transferring assets and altering the equity base.
The Treasurer may determine that an Agency or a Government
Business Division is to pay a dividend to the Territory, if he or she is satisfied that the Agency or Government Business Division has sufficient resources to do so.
A determination under subsection (1) or (2) may be made subject to the terms and conditions the Treasurer thinks fit.
This Act’s bill:Second reading speech
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